Fairfx vs. Caxtonfx

Donnie

deegee999 wrote: »

Andrew beat me to it, when i looked into the two before applying the fair card looked a little more complex and they wanted to charge me and i dont do cashback sites. Caxton charge a tenner per card but that goes on your balance to spend so is in effect free, you often mention the 1% difference in forein exchange rates at atms, but that is not a lot to us mere mortals who only do 1 longhaul a year.

Erm....how can the FairFx look more complex? Abroad, Caxton charges 2.5%. FairFx 1.5%. It's as simple as that. How did that confuse you?

For a time the FairFx card was free on the FairFx website, now you can apply via Opodo to get it for free.


But most importantly, since you don't actually understand which is best, why are you telling others which is the "best way to go"??

Ok, the saving is only £1 in every £100, but why would you say that the best way to go is to pay 1% more??

rd6821

I've gone for the FairFX Anywhere card. I am also going to apply for a FairFX Euro card. Could someone clarify if I'm likely to be hit by charges from my bank if I use a debit card? Or does it not work the same way as buying cash in hand. Thanks.

Bob_the_Saver

rd6821 wrote: »

I've gone for the FairFX Anywhere card. I am also going to apply for a FairFX Euro card. Could someone clarify if I'm likely to be hit by charges from my bank if I use a debit card? Or does it not work the same way as buying cash in hand. Thanks.

Very wise, I load mine from Debit cards (Natwest, Nationwide and previously shAbbey (Avoid like plauge) never been charged.

rd6821

Bob_the_Saver wrote: »

Very wise, I load mine from Debit cards (Natwest, Nationwide and previously shAbbey (Avoid like plauge) never been charged.

Thanks. How have you found your FairFX card? I will try buying the Euro card with my Halifax card and see if they charge! I used my Lloyds one for foreign currency Ryanair flights and they charged a pound which, although not devastating, goes against my money saving instincts!!! How about bank transfers? Do they avoid charges?

Donnie

rd6821 wrote: »

Thanks. How have you found your FairFX card? I will try buying the Euro card with my Halifax card and see if they charge! I used my Lloyds one for foreign currency Ryanair flights and they charged a pound which, although not devastating, goes against my money saving instincts!!! How about bank transfers? Do they avoid charges?

There is no point in getting a Euro card unless you are currency hedging. In other words trying to capture a particular rate of exchange.

If you really feel you need to have a Euro card, get the Caxton.

rd6821

Donnie wrote: »

There is no point in getting a Euro card unless you are currency hedging. In other words trying to capture a particular rate of exchange.

If you really feel you need to have a Euro card, get the Caxton.

If you don't get charged any transaction fees on the Euro and the Anywhere card does charge transaction fees in Europe, then it's best to avoid those fees by having a Euro card for use in the Euro zone? Why do you suggest the Caxton Euro over the FairFX Euro? Is it because the Caxton doesn't charge ATM fees? Thanks for being patient with me, I realise I'm being pretty slow on the uptake on this!

Donnie

rd6821 wrote: »

If you don't get charged any transaction fees on the Euro and the Anywhere card does charge transaction fees in Europe, then it's best to avoid those fees by having a Euro card for use in the Euro zone? Why do you suggest the Caxton Euro over the FairFX Euro? Is it because the Caxton doesn't charge ATM fees? Thanks for being patient with me, I realise I'm being pretty slow on the uptake on this!

Actually, you are very annoying.

Interbank rate: 1.19371
Caxton Euro rate: 1.1720

A difference of 1.76%.

FairFx Anywhere: Difference of around 1.5%, all things being equal.

So unless you think the Pound is going to drop against the Euro, don't bother (me)

deegee999

Donnie wrote: »

Erm....how can the FairFx look more complex? Abroad, Caxton charges 2.5%. FairFx 1.5%. It's as simple as that. How did that confuse you?

For a time the FairFx card was free on the FairFx website, now you can apply via Opodo to get it for free.


But most importantly, since you don't actually understand which is best, why are you telling others which is the "best way to go"??

Ok, the saving is only £1 in every £100, but why would you say that the best way to go is to pay 1% more??

I meant the application looked more complex, to get the fair card you have to go via a thirdparty site, not a great idea unless you know EXACTLY what they will do with your details. I was saying the 1% was a very small difference (and thats only on the global card). I just find the caxton cars very easy to manage & load. Loading is instant from my halifax account .

Donnie

deegee999 wrote: »

I meant the application looked more complex, to get the fair card you have to go via a thirdparty site, not a great idea unless you know EXACTLY what they will do with your details. I was saying the 1% was a very small difference (and thats only on the global card). I just find the caxton cars very easy to manage & load. Loading is instant from my halifax account .

Of course your post is just nonsense.

First of all, up until a week or two ago, you could apply through the normal FairFx website for a free card. That's how I got mine. So if you actually went to their website, you too would have seen that it was free. There was no need to go through a 'third party website' as you put it.
Even now, you can get the card for free by going through the FairFx Opodo website. It is still a FairFx website (http://www.fairfx.com/opodo/home/) so no unnecessary worries about your information going astray.

Seemingly, you are presenting yourself as someone who barely understands how these things work, but yet you are advising someone as the the "best way forward".

The FairFx Anywhere card is just as easy to load, is free and is cheaper in use than the Caxton Global card abroad and even more so in the UK.

Sorry, but your recommendation is utterly useless. It's fine to recount your experiences, but just irresponsible to write that it's "the best way forward" when it's simply not true.
This is a money saving website. Remember?

Momentblur

MrTomato wrote: »

1.5% not €1.50.

Hello, Just started looking into these and just wanted to ask where this figure came from, the moneysavingexp article on these is quoting a $2/1.50Eu charge for ATM withdrawals and with a quick scan of the Fairfx website any specific details don't appear easily accesible (sorry if I'm being blind).

Cheers